Commercial Real Estate companies with a DC development portfolio

For the past couple of years, Washington DC has encountered a surge in urban improvement. The city’s populace has seen a tremendous increment in young professionals like Frank Haney (LinkedIn) who carry on with an urban way of life. Most of these people choose a premium apartment complex that combines shopping, employment, housing and recreation. This particular demand has compelled many real estate companies to build numerous multi-storied apartments in Washington DC. Further to that, the city has set to boost its tourism and expand the local economy by revitalizing the neighborhood.

Anacostia Waterfront

In 2008, a baseball stadium called the National Park was set up in this part of the town, hence renowned companies focused on redevelopment of this area in Washington DC. New office space, hotels, retail space, restaurants, and hotels have been set up. The region keeps on being revitalized despite the fact that the advancement has been slower than expected because of the national financial crisis. Along the Anacostia River close to the Navy Yard is vibrant community named as Capitol Riverfront. In addition to that, Major League Soccer’s DC United is planning to construct another stadium.

The Wharf (Southwest Waterfront)

Arrangements are in progress to redevelop the area that extends along the Potomac River from the Maine Street Fish Wharf to Ft. McNair. The waterfront territory is at present home to several hotels, Capital Yacht Clubs, Arena Stage, Gangplank Marinas and few other nightclubs. Development of The Wharf will start in 2014. The primary stage is proposed to start in 2017. Urban reestablishment arrangements will make a blended utilization riverfront group with eateries, hotels, shops, marinas and numerous hi-tech condominiums.

NoMa – North of Massachusetts Avenue

In 2004, New York Avenue Metro station was started and this led to the development of NoMa. This neighborhood lies north of the Union Station and U.S. Capitol. Bigger projects are proposed in this locality as this area has a population of more than 30,000. In addition to that lodging, office space, and other arrangements are being done in this locality. Private builders have invested around three billion dollars and are have set high hopes in this place.